Educational Enterprises Inc

“The board of directors may by appropriate resolution desigate one or more committees, each of which shall consist of three (3) or more directors elected by the board of directors.”

“As of july 1, 2016 the organization has legally changed its name to open sky education.”

“After the form 990 has been completed by management and our auditors, it is distributed for final review to board via email prior to submission”

“The board will allow the presentation of those involved with the conflict of interest (coi) to plead their case. After this discussion, the individual presenting the conflict must leave the meeting during the decision and the vote on the transaction involving the coi. The board may appoint dis-interested parties to search for alternatives if no advantageous results are found. The board may accept the coi if the board identifies a conflict of interest that was not presented and it shall inform the member of such belief and afford the member the opportunity to explain the failure to disclose. The board shall take all disciplinary and corrective action to deal with coi.”

“In june 2015, the board received executive compensation advisory services from aon hewitt. Aon provided guidance by outlining the compensation of the officers of the organization. All board members that are compensated through the organization are excused and the decision is made using this compensation schedule.”

“Governing documents, conflict of interest policy, and financial statements are available upon request”

“Contract: program service expenses 247,570. Management and general expenses 62,292. Fundraising expenses 12,050. Total expenses 321,912. Website design: program service expenses 546,697. Management and general expenses 137,555. Fundraising expenses 26,610. Total expenses 710,862. Payroll: program service expenses 102,197. Management and general expenses 25,714. Fundraising expenses 4,975. Total expenses 132,886. Other: program service expenses 106,280. Management and general expenses 26,741. Fundraising expenses 5,173. Total expenses 138,194.”

“Transfer of eei real estate holdings: caritas net assets 149,461. Transfer of eei real estate holdings: via net assets 329.”

“The board of directors has assumed responsibility for the selection of auditors and the oversight of the annual audit. This process has not changed since the prior year.”

“In past years two other entities, reh via and reh caritas, were reported in educational enterprises. However, this year they are not included in this tax return because they are reported within a different entity's 990 per their operating agreements. This adjustment has been made to tie prior year net assets to the current year's.”